Dallas Tanner, president and CEO of Invitation Homes Inc. (NYSE: INVH), sat down for a video interview at Nareit’s REITweek: 2026 Investor Conference in New York, June 1-4.
Tanner said demand for single-family rentals remains strong as high mortgage rates make homeownership significantly more expensive. He estimated the affordability gap at roughly $1,000 per month, helping drive longer resident stays.
He noted that fewer renters are leaving to buy homes, with the share falling from roughly 24%–25% historically to 17%–18% today. Most new residents already rent single-family homes and are drawn by location preferences and higher service standards, he said.
Looking ahead, Tanner expects build-to-rent communities to become a major growth driver. He cited benefits including enhanced amenities, operational efficiencies, and greater flexibility in managing capital and partnerships with homebuilders and developers.
Addressing criticism of institutional ownership in housing, Tanner said large single-family rental operators represent only a small portion of the market and are increasingly focused on adding supply rather than acquiring existing homes. He said the industry is being unfairly blamed for broader affordability challenges: “We've sort of been painted with a brush that we're the problem, not the solution.”
On the broader housing market, Tanner said mortgage rates and transaction volumes remain key indicators to watch. He also expects growing demand for flexible options, including rent-to-own models, as younger consumers prioritize mobility and choice